J M SMUCKER Co

The J. M. Smucker Company

Overview (as of April 30, 2026)

The J. M. Smucker Company is a branded food and beverage company that designs, manufactures, and markets consumer-packaged goods worldwide, with the majority of sales in the United States. The company operates through five reportable segments. Net sales outside the U.S. represented 4% of consolidated net sales in 2026.

Reportable segments and principal products

• U.S. Retail Coffee
  • Folgers®, Dunkin®, Café Bustelo®, Maxwell House®, Yuban.
• U.S. Retail Frozen Handheld and Spreads
  • Uncrustables®, Jif®, Smucker’s®; includes fruit spreads.
• U.S. Retail Pet Foods
  • Meow Mix®, Milk-Bone®, Pup-Peroni®, Canine Carry Outs®; includes Cat Chow® and Friskies®.
• Sweet Baked Snacks
  • Hostess brands (Twinkies®, HoHos®, CupCakes, DingDongs®, etc.) and related baked goods. (Voortman sold in 2024; certain value brands sold to JTM in 2025.)
• Away From Home
  • Foodservice channel serving healthcare, restaurants, schools, offices and other operators; includes coffee, Smucker’s and Hostess products, and licensed brands (e.g., Dunkin®).

Brand portfolio and licensing

Principal trademarks include Folgers®, Dunkin®, Café Bustelo®, Uncrustables®, Jif®, Smucker’s®, Meow Mix®, Milk-Bone®, Pup-Peroni®, Hostess®, and the Dunkin® licensing arrangement. Dunkin® licenses are in effect through January 1, 2039. Keurig® and K-Cup® are licensed to Smucker’s in certain contexts.

Corporate actions (acquisitions and divestitures)

• Hostess Brands acquisition completed November 2023 (Hostess brands and related assets became part of Smucker’s).
• Divestitures:
  • Sweet Baked Snacks value brands sold to JTM Foods, LLC on March 3, 2025 (included certain trademarks, licenses, a Chicago facility, and about 400 employees who supported the business).
  • Voortman® business sold to Second Nature Brands on December 2, 2024 (included Voortman products and related assets, a Burlington, Ontario facility, and about 300 employees).
  • Canada condiment business divested to TreeHouse Foods on January 2, 2024 (brands included Bick’s®, Habitant®, Woodman’s®, McLarens®).
  • Sahale Snacks® business sold to Second Nature on November 7, 2023 (included Sahale products, trademarks, and about 100 employees).
• Third quarter 2026 included impairment-related updates for the Sweet Baked Snacks reporting unit.

Geographic and channel characteristics

• U.S. retail channels: food retailers, club stores, online, pet specialty, drug stores, mass merchandisers, and other channels.
• Away From Home: foodservice channels, including hospitals, restaurants, schools, offices, and convenience channels.
• Raw materials and packaging are largely North American-sourced; certain materials (for example, green coffee) are sourced from foreign countries. Single-source supplies exist for certain raw materials and finished goods (examples: K-Cup pods, liquid coffee, packaging for Folgers and Jif).

Customer concentration

• Walmart Inc. and Sam’s Club accounted for 34% of net sales in 2026.
• The top 10 customers accounted for approximately 60% of consolidated net sales in 2026.
• Trade receivables at April 30, 2026 included $187.4 million due from Walmart and subsidiaries (29% of total trade receivables).

Key financial snapshot (selected items from the 2026 Form 10-K)

• Debt and liquidity (as of April 30, 2026): short-term and long-term debt totaled $7.0 billion.
• Assets and equity:
  • Total assets: $16.2 billion.
  • Total shareholders’ equity: $5.5 billion.
  • Goodwill and indefinite-lived intangible assets: $10.9 billion (comprising goodwill of $5.2 billion and indefinite-lived intangible assets of $2.6 billion; the remainder included in other categories and segments).
• Impairments and charges:
  • In the third quarter of 2026, Smucker’s recognized total pre-tax impairment charges of $961.7 million, including $507.5 million related to goodwill for the Sweet Baked Snacks reporting unit and $454.2 million related to the Hostess brand indefinite-lived trademark.
  • As of February 1, 2026 (annual impairment assessment date), no impairment charges were recognized for remaining reporting units or indefinite-lived intangible assets.
• Employee-related and labor:
  • As of April 30, 2026, 21% of Smucker’s full-time employees at eight manufacturing locations were covered by collective bargaining agreements. Three contracts (approximately 5% of total employees) were set to expire in 2027.
• Accounts payable financing:
  • Smucker’s uses payment-term extension programs and a supplier financing program administered by a third party. As of April 30, 2026, $325.1 million of payment obligations had been elected and sold to a financial institution under this program (versus $340.4 million in 2025). If the program terminates or terms change, working capital could be affected.

Executive leadership (as of June 2, 2026)

• Mark Smucker, 56 — Chief Executive Officer, President, and Chair of the Board (appointed to CEO in February 2026; previously CEO since 2016 and Chair since 2022).
• Robert (Bob) Ferguson, 52 — Chief Product Supply Officer; Executive Vice President, Coffee, Pet, and Away From Home (appointed February 2026).
• Jeannette Knudsen, 56 — Chief Legal Officer and Secretary (in leadership roles since 2009; elected to current role September 2022).
• Tucker Marshall, 50 — Chief Financial Officer; Executive Vice President, Frozen Handheld and Spreads and Sweet Baked Snacks (appointed February 2026 as CFO; previously May 2020 as CFO).
• Jill Penrose, 53 — Chief People and Administrative Officer; Chief of Staff (elected February 2026; previously March 2023).
• Katherine Williams, 52 — Chief Marketing Officer (elected February 2026; previously CMO, US for Haleon and GSK leadership roles).

Ongoing initiatives

Smucker’s has a Transformation Office focused on enterprise productivity and cost optimization, and is undertaking a multi-year ERP implementation (Oracle Cloud) that requires substantial resources and may affect timing and costs. The company continues to focus on risk management, supply chain resilience, capital allocation, and portfolio optimization, including integration and optimization of Hostess Brands and other acquisitions and divestitures.